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cheftamara01
April 11, 2021
Question

My tax refund is $1200 short of what turbo tax has stated would be my refund. What happened?

  • April 11, 2021
  • 1 reply
  • 0 views
I filed my taxes in early February.  Just this week I saw the pending deposit to my bank account from my tax return.  It is $1200 short of the amount that Turbo tax stated.  What happened?

1 reply

S
SweetieJean
Employee
April 11, 2021

It sounds like the Recovery Rebate Credit was adjusted.  Wait for an actual letter from the IRS that is specific to your situation; they do not notify TT.

IRS letters explain why some 2020 Recovery Rebate Credits are different than expected | Internal Revenue Service

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